Gateway Wealth Partners LLC boosted its position in shares of First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB – Free Report) by 107.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 260,066 shares of the company’s stock after acquiring an additional 134,492 shares during the quarter. Gateway Wealth Partners LLC owned 2.17% of First Trust Ultra Short Duration Municipal ETF worth $5,214,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. bought a new stake in shares of First Trust Ultra Short Duration Municipal ETF during the 2nd quarter valued at about $29,000. Tucker Asset Management LLC purchased a new stake in shares of First Trust Ultra Short Duration Municipal ETF during the 4th quarter valued at about $41,000. Advisory Services Network LLC bought a new position in shares of First Trust Ultra Short Duration Municipal ETF in the 3rd quarter worth approximately $77,000. CoreCap Advisors LLC lifted its stake in shares of First Trust Ultra Short Duration Municipal ETF by 250.6% in the 4th quarter. CoreCap Advisors LLC now owns 4,445 shares of the company’s stock worth $89,000 after purchasing an additional 3,177 shares during the period. Finally, Fifth Third Bancorp purchased a new position in shares of First Trust Ultra Short Duration Municipal ETF in the first quarter worth approximately $190,000.
First Trust Ultra Short Duration Municipal ETF Price Performance
FUMB opened at $20.05 on Monday. The company’s 50 day moving average is $20.07 and its 200 day moving average is $20.08. First Trust Ultra Short Duration Municipal ETF has a 12-month low of $19.98 and a 12-month high of $20.72.
First Trust Ultra Short Duration Municipal ETF Company Profile
The First Trust Ultra Short Duration Municipal ETF (FUMB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund of US municipal debt with a targeted portfolio duration of less than one year. The fund seeks tax-exempt income and capital preservation. FUMB was launched on Nov 1, 2018 and is managed by First Trust.
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